New: Cloud Mining Contract Hashnest PACMIC V3 - 0.666 BTC/THS

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Quote from: thedreamer on August 16, 2015, 10:10:24 AM

Sorry if I'm out of line, but this seems like an awful risky way to get a few % profit for your investment. No?

After the .666BTC/TH is paid back, they own the hardware and u don't get jack.
So from t I gather, they rent you the miner until they pay your principal back, plus a minuscule amount, IF the pool is lucky...??

Even at 100TH this is like 2.xx% after almost 4months.

The 'minuscule amount' depends on how long the pool takes to find a block. If it has bad luck, then you will earn more.

thedreamer

legendary

Activity: 1694

Merit: 1002

Go Big or Go Home.....

Sorry if I'm out of line, but this seems like an awful risky way to get a few % profit for your investment. No?

After the .666BTC/TH is paid back, they own the hardware and u don't get jack.
So from t I gather, they rent you the miner until they pay your principal back, plus a minuscule amount, IF the pool is lucky...??

Even at 100TH this is like 2.xx% after almost 4months.

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Quote from: ?? on ??

The post above is a scam and is from an impersonator.

Do not send any funds.

Resolved.

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Quote from: TracerX on August 15, 2015, 11:16:30 AM

I've not received any update to my contract since 2015-08-14 22:48:30 block 369897--anyone else having this problem, or shall I put in a ticket?

Cheers.

No issue on my side.

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

The post above is a scam and is from an impersonator.

Do not send any funds.

Sorted.

TracerX

hero member

Activity: 918

Merit: 1002

I've not received any update to my contract since 2015-08-14 22:48:30 block 369897--anyone else having this problem, or shall I put in a ticket?

Cheers.

melisande

sr. member

Activity: 434

Merit: 250

Q: Can the PACMiC be sold or transferred to other users?
A: No, PACMiCs may not be traded or transfered to other users.

Q: Can I redeem my PACMiC before contract expiry?
A: No. The contract will be closed automatically at the time that the initial contract price has been repaid in full. Contracts may not be terminated prior to this, although BITMAIN may exercise the option to make advance payouts of mining rewards.

Q: Does PACMIC offer hardware delivery after the contract ends?
No, PACMiC is different from Hashnest's other cloud mining services in this regard. After the contract ends, the machines remain the property of BITMAIN.

Q: If AntPool experiences bad luck, will this affect bonus payments?
A: Bonus payouts are calculated using the amount of initial contract price that has not yet been paid back, and are unrelated to the pool luck of AntPool. Changes in pool luck will only affect the speed at which mining revenues are paid. Bonus payouts are earned at a steady 0.8 satoshis per bitcoin outstanding per second.

Q: How can the user make a profit?
A: Bonus payouts are calculated using the formula: unpaid principal (BTC) * 0.8 (satoshis per outstanding BTC per second) * time to find a block (seconds). Mining revenue will first be used to make bonus payments, the remainder of mining revenue will then count towards paying back the initial purchase price.

Q:When does the user start to get the bonus payout? Where does the bonus go?
A: Bonus payout begins accumulating as soon as the first block after contract activation is found. The bonus is paid directly to user’s wallet on Hashnest.com.

Q: What does the Auto-Rebuy feature do?
After enabling the Auto-Rebuy feature, your bonus payout will be used to automatically and incrementally purchase more mining power through the PACMiC.
When the feature is disabled, mining revenue and bonus payouts will continue accumulating inside your account as usual.

Q: If I have auto-rebuy enabled, when do those GH/s expire?
Same terms as before -- PACMiC hashing power expires only when the purchase price has been paid back to the owner. If the BTC price drops too low and the contract does not generate revenue, the contract becomes suspended (but not ended) until such time that it may generate revenue again.

Q:When does the contract end?
A:When the initial purchase price has been paid back through mining revenues.

Q:Is the PACMiC risk-free?
A: Like all forms of bitcoin mining, there is a certain level of risk involved. If the Bitcoin network difficulty skyrockets, or if the price of bitcoin drops too much to cover the electricity fee, the Antminer S5 units backing the PACMiC may not be profitable to run and be forced to go offline, in which case contracts would be suspended (possibly indefinitely) and the user may not recover the initial cost of the miner. The AntMiner S5 is currently one of the most power efficient bitcoin miners available on the market, and would be among the last to be forced to power down under unfavorable market circumstances. All users should do their own research and understand the risks involved with bitcoin mining, and also to understand that there is no such thing as a risk-free product.

After considering these questions and answers of the business, I concluded that this is a PONZI and your money is not entirely safe but those that got in first have a brighter chances of getting paid.

GermanGiant

hero member

Activity: 784

Merit: 501

Quote from: TheGeorge on August 14, 2015, 01:05:41 PM

0.666 BTC/Ths ? That is awesome. Here 10 Ths will cost 6.66 BTC as against its closest CMW's 8 BTC. HashNest PACMIC is now cheapest.

So, according to https://alloscomp.com/bitcoin/calculator, if someone buys 10 Ths, he'll 6.6 BTC+ within 10 week, assuming the difficulty remains same on an average of next 10 week.

Please correct me, if have done anything wrong in the calculation.

Incorrect. Because you have not taken into account how much HashNest pay per day for 10 Ths. You assumed that you'll get what the calculator is showing, which is damn wrong. Better, go for the one, which is paying consistently for last nine months now and verified by third party cloud mining monitors to ROI in ~114 days...

Is there any such public stat available for HashNest PACMIC ?

TheGeorge

full member

Activity: 133

Merit: 100

0.666 BTC/Ths ? That is awesome. Here 10 Ths will cost 6.66 BTC as against its closest CMW's 8 BTC. HashNest PACMIC is now cheapest.

So, according to https://alloscomp.com/bitcoin/calculator, if someone buys 10 Ths, he'll 6.6 BTC+ within 10 week, assuming the difficulty remains same on an average of next 10 week.

Please correct me, if have done anything wrong in the calculation.

xZork

hero member

Activity: 1249

Merit: 506

Quote from: miguelmorales85 on August 14, 2015, 12:45:13 PM

Can someone post the price of the BTC at what PACMICv3 would be unprofitable?

That is the main risk. If the price of BTC tanks then BITMAIN has the power to cancel all contracts with their option to renew them depending on price. Fortunately the price has been pretty stable this year.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: ?? on ??

Nice try scamming BITMAINN

miguelmorales85

hero member

Activity: 544

Merit: 507

Can someone post the price of the BTC at what PACMICv3 would be unprofitable?

xZork

hero member

Activity: 1249

Merit: 506

Quote from: lovenlifelarge on August 14, 2015, 05:08:41 AM

Anyone grab one of these??

And if so what are the thoughts??

So am i to take if i pay 1btc example, The miner will mine, Till i make back the 1btc & x the amount of blocks found in that time i get 0.8 btc

So the profit to be gained from this is the 0.8btc x ?? blocks found in the time it takes to make back the initial outlay??

it's .8 satoshis x seconds it took to find that block. Here is what the payouts look like for blocks found. It should clear up how it works.

ErikvanBreen

hero member

Activity: 693

Merit: 500

Beware the scammer posting the promotion here, it is fake and you will lose your BTC if you send to it to him...

bitwhiz

newbie

Activity: 1

Merit: 0

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: ?? on ??

Nice try scamming BITMAIM
( MAIM? really? )

Expect new posts from `BITMAIN, .BITMAIN and BITMAIM as these were accounts created today. Undoubtedly there'll be more. Always double-check the user, double-check the profile ID, etc.

umair01

hero member

Activity: 602

Merit: 500

Quote from: lovenlifelarge on August 14, 2015, 06:24:07 AM

I'm bemused as well as too how this works....

Essentially if the contract ends & u pay xxx & get back what u paid... Then the bonus is what u get paid...

Making this, Pay us XX & we will give u interest based on a share of how many blocks are found...

Bitmain, Is this right??

I hope this is how the system works , I might be tempted to try , it seems real since its posted on the website as well , still waiting for others opinion on this

lovenlifelarge

hero member

Activity: 676

Merit: 501

I'm bemused as well as too how this works....

Essentially if the contract ends & u pay xxx & get back what u paid... Then the bonus is what u get paid...

Making this, Pay us XX & we will give u interest based on a share of how many blocks are found...

Bitmain, Is this right??

umair01

hero member

Activity: 602

Merit: 500

Hi , I haven't understood the idea , could you explain a little bit in a easier words , regarding the profit , when is the bonus rate of 0.8 btc be given , when a block is found ?

lovenlifelarge

hero member

Activity: 676

Merit: 501

Anyone grab one of these??

And if so what are the thoughts??

So am i to take if i pay 1btc example, The miner will mine, Till i make back the 1btc & x the amount of blocks found in that time i get 0.8 btc

So the profit to be gained from this is the 0.8btc x ?? blocks found in the time it takes to make back the initial outlay??

Topic: New: Cloud Mining Contract Hashnest PACMIC V3 - 0.666 BTC/THS (Read 1905 times)